Japan’s Suzuki: Appropriate actions will be taken on Foreign Exchange if needed

Shunichi Suzuki, the finance minister of Japan, stated on Friday that he will be closely monitoring the foreign currency (FX) move and that, if necessary, he will take the appropriate action.

The Japanese Yen (JPY) shows little to no market reaction to the verbal intervention. As of this writing, the USD/JPY exchange rate is at 155.40, down 0.07% on the day.

Key Quotes:

“Says is closely watching FX moves.”

“Won’t comment on FX levels.”

“To take necessary measures regarding foreign exchange if required.”

“To take necessary measures as required.”

“To take appropriate foreign exchange measures without hesitation.”